Baidu (BIDU) Operating Expenses (2009 - 2026)
Baidu (BIDU) posted quarterly Operating Expenses of $4.2 billion for Q1 2026, up 8.73% year-over-year from $3.9 billion in Q1 2025, and down 6.33% on a QoQ basis from $4.5 billion in Q4 2025.
Baidu (BIDU) Operating Expenses (2009 - 2026) Analysis & Trends
Baidu (BIDU) has reported Operating Expenses for 18 consecutive years, with $4.2 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 8.73% year-over-year to $4.2 billion; the TTM figure through Mar 2026 stood at $19.3 billion (up 22.11% YoY), while the FY2025 annual figure was $19.3 billion, up 25.89% from the prior year.
- Operating Expenses came in at $4.2 billion for Q1 2026 at Baidu, down from $4.5 billion in the prior quarter.
- The five-year high for Operating Expenses was $6.5 billion in Q3 2025, with the low at $3.6 billion in Q1 2024.
- Average Operating Expenses over 5 years is $4.1 billion, with a median of $4.0 billion recorded in 2023.
- Across the five-year window, Operating Expenses slipped 16.73% in 2022 and soared 65.03% in 2025, its largest moves.
- Year by year, Operating Expenses stood at $4.1 billion in 2022, then rose by 0.82% to $4.2 billion in 2023, then slipped by 0.62% to $4.1 billion in 2024, then gained by 8.02% to $4.5 billion in 2025, then declined by 6.33% to $4.2 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $4.2 billion, $4.5 billion, and $6.5 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,330.11 Bn | 4,114.49 Bn | 102.29 Bn | 70.20 Bn |
| 2 | Meta Platforms | 1,553.11 Bn | 1,471.93 Bn | 46.09 Bn | 33.44 Bn |
| 3 | Baidu | 320.91 Bn | 305.99 Bn | 1.88 Mn | 4.19 Bn |
| 4 | BILI Social International | 84.82 Bn | 84.82 Bn | 405,933.00 | 303,858.00 |
| 5 | Joyy | 70.39 Bn | 70.39 Bn | 205.64 Mn | -187.82 Mn |
| 6 | Nebius | 59.20 Bn | 49.90 Bn | 295.20 Mn | 527.00 Mn |
| 7 | 37.81 Bn | 35.04 Bn | 511.94 Mn | 480.50 Mn | |
| 8 | Scienjoy Holding | 37.35 Bn | -14.16 Bn | 7.27 Mn | -5.50 Mn |
| 9 | Tencent Music Entertainment | 26.62 Bn | 24.37 Bn | 514.00 Mn | -176.00 Mn |
| 10 | 13.92 Bn | 12.62 Bn | 768.96 Mn | 1.09 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.19 Bn |
| Dec 31, 2025 | 4.47 Bn |
| Sep 30, 2025 | 6.50 Bn |
| Jun 30, 2025 | 4.11 Bn |
| Mar 31, 2025 | 3.85 Bn |
| Dec 31, 2024 | 4.14 Bn |
| Sep 30, 2024 | 3.94 Bn |
| Jun 30, 2024 | 3.85 Bn |
| Mar 31, 2024 | 3.61 Bn |
| Dec 31, 2023 | 4.16 Bn |
| Sep 30, 2023 | 3.86 Bn |
| Jun 30, 2023 | 3.98 Bn |
| Mar 31, 2023 | 3.81 Bn |
| Dec 31, 2022 | 4.13 Bn |
| Sep 30, 2022 | 3.83 Bn |
| Jun 30, 2022 | 3.92 Bn |
| Mar 31, 2022 | 4.07 Bn |
| Dec 31, 2021 | 4.89 Bn |
| Sep 30, 2021 | 4.60 Bn |
| Jun 30, 2021 | 4.32 Bn |